secwatch.observer — SEC 8-K summary
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Issuer:     Digital Turbine, Inc. (APPS)
CIK:        0000317788
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001628280-24-025610
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Digital Turbine grants PSUs to CEO, CFO, CTO; CEO eligible for $2.4M cash bonus
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- CEO William Stone granted 500,000 PSUs; CFO Garrison and CTO Kanagaratnam each 250,000 PSUs.
- PSUs vest 2/3 on three-year revenue/EBITDA targets and 1/3 on growth targets.
- CEO Stone eligible for cash bonus up to $2.4M based on same performance metrics.
- PSU and bonus targets interpolated linearly between annual plan and growth goals.
- Filing corrects disclosure in May 28, 2024 10-K Item 9B regarding these arrangements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317788/000162828024025610/0001628280-24-025610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317788/000162828024025610/apps-20240524.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-025610

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer